In The News
September 19, 2018 - Boyne area high school sports
September 19, 2018 - Waterpaw wins Aquascape Conservationist Award
September 19, 2018 - LETTERS – Devastation at Camp Sea-Gull?
September 19, 2018 - Celebrate the life of Boyne City’s Roni Fish
September 19, 2018 - Boyne City Commission meeting highlights
September 19, 2018 - Study says Medicaid expansion boosted financial health of low-income Michiganders
September 18, 2018 - #473 Boyne City Gazette Sept. 19
September 17, 2018 - Boyne police investigating church graffiti
September 17, 2018 - Gov. Snyder says foreign investment key to Michigan success
September 17, 2018 - Healthy Michigan waiver hoped to protect local healthcare
September 16, 2018 - U.S. Senate passes bill to update Great Lakes Environmental Sensitivity Index Maps
September 16, 2018 - Michigan Supreme Court October oral arguments
September 13, 2018 - Grant supports mental health tech in Michigan
September 12, 2018 - Michigan’s new way to explore 545,000 career openings
September 12, 2018 - Steps to safeguard your property during Boyne City sewer cleaning project
September 12, 2018 - UPDATE: Boyne water main still under repair
September 12, 2018 - Boyne woman part of ArtPrize; day trip planned to Grand Rapids
September 12, 2018 - Boyne City goals, parking, statue discussed
September 12, 2018 - Michigan’s new anti-fraud unit in Dept. of Insurance and Financial Services
September 12, 2018 - Cole lauds Boyne on being named Great American Main Street semifinalist

Business Owners Need Their Own Quarterback

This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.

Unless you’ve been cut off from every source of media, not to mention all human contact, you’re aware that the Super Bowl is fast approaching. [private]If you’re a football fan, you’re probably eager to watch the game featuring this year’s best teams. And if you’re a business owner, you can learn a lot from how Super Bowl teams are put together.
One thing that virtually all Super Bowl teams share is a stellar quarterback — someone who drives his team with skill, agility and vision. These same qualities can be found in a qualified, experienced financial professional — someone who can act as your “quarterback” and help you reach your goals.

What sorts of guidance might you get from your “quarterback”? Here are some possibilities:

  • Coordinating your “team” — A Super Bowl-caliber quarterback obviously is adept at getting everyone on the offense to play well together. And as a business owner, you, too, may need to get your own “team” up and running.  Specifically, you may well need to use both an attorney and a tax professional to help you take care of various aspects of your business. Your financial advisor can help coordinate their services.. For example, if your business is involved with your estate plans, you will have legal, tax and investment considerations to deal with — so you’ll want all your legal, tax and financial advisors working together toward your ultimate objectives. 
  •  Executing your strategy —  Whether a quarterback hands off the football or throws a pass, he is attempting to follow his team’s game plan, or strategy. And your financial advisor, as your quarterback, will help you execute the right game strategy to attain your own objectives. For starters, your financial advisor will ask questions such as these: Do you have a retirement plan in place? If so, is it appropriate for your needs? Do you have the right types and amounts of business insurance? Have you considered business succession strategies? Once your financial advisor knows the answer to these questions, he or she can then help you implement your overall strategy through the use of suitable products and services.
  • Adjusting your “plays”— When a quarterback sees something he doesn’t like, such as a last-minute change in the opposing team’s defense, he may call an “audible” to adjust his team’s designed play. Similarly, your financial advisor, upon identifying obstacles to your success, may recommend changes to your “plays” — the individual actions that make up your overall financial strategy. To illustrate: After reviewing the progress you’re making toward the retirement lifestyle you seek , your financial advisor determines that your retirement plan — e.g., your owner-only 401(k), SEP-IRA, SIMPLE IRA or whatever plan you’ve chosen — is underfunded, contains  a high  percentage of conservative investments,  and may need potential growth opportunities.. Consequently, your financial advisor may help you decide it’s time for an “audible” – in other words, it’s time to re-evaluate so you may consider adjusting your contribution level and investment mix.

A Super Bowl team needs a good quarterback — and so does your business.[/private]

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